Owners

Some owners are involved in the day-to-day running of a business. Others will employ managers to do this.

All owners can influence a business by:

• Choosing to invest more money - this will enable the business to grow
• Choosing to invest less money - this which will mean the business has to cut back
• Making the important decisions about the future of the business

Managers

Many businesses are run by managers. Managers are in charge of day-to-day running of the business. They report to owners and take charge of the work of employees.

Managers can influence a business by:

• Making important decisions on behalf of the company - this can have an influence on whether the business is successful
• Hiring or firing employees - this can affect productivity and motivation

Employees

Employees are the people who make a product or provide the service to customers.

Employees can influence a business by:

• Increasing the amount of work they do - this will lead to higher productivity and increased profits
• reducing the amount of work they do - this will lead to lower productivity and decreased profits
• Taking industrial action against the business which would lead to less work being completed